Buying a new home is not a decision to be taken lightly but recent research has shown that a new kitchen installation can seriously impact a potential buyer’s decision and their offer price.
According to a recent survey by home marketplace Zoopla almost half (47%) of home buyers are most influenced by a new kitchen.
More than a quarter (28%) of buyers would be prepared to pay more with a higher offer price as a result.
Closely behind a new kitchen installation is a new bathroom, which affects 46% of new home hunters’ decision to buy.
Also, just over a quarter (27%) of those surveyed in the report said a contemporary bathroom would warrant a higher price tag.
New windows came in as the third most important home improvement, affecting 45% of people’s decision to buy.
You can see the full results below:
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Which of the following new home improvements would influence your decision to buy or your decision to offer a higher price? |
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Home Improvement |
Affects decision to buy |
Affects decision to offer a higher price |
|
47% |
28% |
|
|
46% |
27% |
|
|
New Windows |
45% |
23% |
|
New Boiler |
43% |
20% |
|
New Extension |
34% |
26% |
|
New Loft Insulation |
33% |
17% |
|
New Kitchen Appliances |
31% |
22% |
|
New Conservatory |
31% |
23% |
|
New Garden Landscaping |
29% |
18% |
|
New Lighting |
23% |
12% |
“Many buyers keep an eye out for particular renovations when searching for their next home. It goes without saying that costly renovations are high on the wish list for most buyers. These can add significant value to a property and incentivise buyers to offer a higher price.”
Read more the original article at Zoopla
